BRP FY2025 EPS Estimate Reduced by National Bank Financial

BRP Inc. (NASDAQ:DOOO - Free Report) - Investment analysts at National Bank Financial lowered their FY2025 earnings per share estimates for BRP in a note issued to investors on Monday, February 24th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $3.14 for the year, down from their prior forecast of $3.19. The consensus estimate for BRP's current full-year earnings is $3.15 per share.

Separately, Citigroup downgraded BRP from a "buy" rating to a "neutral" rating in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, BRP currently has a consensus rating of "Hold" and an average price target of $97.00.

BRP Stock Down 3.9 %

Shares of DOOO traded down $1.55 during midday trading on Thursday, hitting $38.10. The stock had a trading volume of 135,142 shares, compared to its average volume of 189,379. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 20.27 and a beta of 2.02. The company has a 50 day simple moving average of $47.80 and a two-hundred day simple moving average of $53.59. BRP has a twelve month low of $38.01 and a twelve month high of $75.59. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings results on Friday, December 6th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%.

BRP Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.1485 per share. This represents a $0.59 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, December 31st. BRP's dividend payout ratio (DPR) is presently 30.85%.

Institutional Investors Weigh In On BRP

Several hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its stake in BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock worth $83,399,000 after purchasing an additional 684,651 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of BRP by 401.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 15,019 shares of the company's stock valued at $765,000 after purchasing an additional 12,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of BRP by 0.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company's stock valued at $1,823,000 after acquiring an additional 293 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its stake in shares of BRP by 29.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock valued at $151,118,000 after purchasing an additional 668,607 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in BRP by 5.4% during the 4th quarter. Systematic Financial Management LP now owns 202,425 shares of the company's stock worth $10,297,000 after acquiring an additional 10,341 shares during the last quarter.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.